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Small Business Health Care Tax Credit



Small businesses (50 or fewer employees) may be eligible for a federal tax credit (up to 35 percent) based on health insurance premiums paid for employees.




Work Opportunity Tax Credit (WOTC)


The WOTC provides expanded tax credits to businesses that hire a member of a designated target group, including (but not limited to) qualified recipients of Temporary Assistance to Needy Families (TANF); qualified veterans receiving food stamps or with a service-connected disability; qualified summer youth ages 16–17 who reside in an Empowerment Zone, Enterprise Community or Renewal Community. Effective Jan. 1, 2015, the WOTC program is currently in a hiatus period. During this hiatus period, the Louisiana Workforce Commission will accept applications for new employees in the current WOTC target groups hired on or after Jan. 1, 2015. However, final processing of certification requests is postponed pending further Congressional action.

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